Important tax pooling deadlines for December-September balance date clients

Important tax pooling deadlines for December-September balance date clients

Important tax pooling deadlines for December-September balance date clients Lee Stace

Important noticeTax Management NZ (TMNZ) would like to remind you that Inland Revenue will not accept the use of tax pool funds to settle your clients’ 2014 income tax liabilities if they are more than 75 days past their terminal tax date.

Below are some key dates of which you need to be aware in the event your clients need to purchase tax.

December balance date

Terminal tax date (extension of time): 15 January

Last date to purchase tax: 24 March

January balance date

Terminal tax date (extension of time): 7 February

Last date to purchase tax: 15 April

February balance date

Terminal tax date (no extension of time): 15 January

Last date to purchase tax: 24 March

Terminal tax date (extension of time): 7 March

Last day to purchase tax: 1 May

March-September balance date

Terminal tax date (no extension of time): 7 February

Last date to purchase tax: 15 April

Terminal tax date (extension of time): 7 April

Last date to purchase tax: 15 June

TMNZ asks for payment to be made on these dates to ensure we have adequate time to reconcile your clients’ transactions.

Please log in to your TMNZ account or email us today if any of your clients need to purchase tax for the 2014 income year.

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